Graphisads Ltd, a leading player in integrated advertising and communication solutions, made its debut on the NSE Emerge Platform today following a successful initial public offering (IPO). The stock opened at Rs 111.50, a slight premium over the IPO price of Rs 111, before reaching a high of Rs 112. However, it later closed at Rs 105.95. With the company raising over Rs 53 crore through the IPO, the funds will be used for various purposes, including enhancing capabilities and reducing existing debt.
Graphisads, established in 1987, is a renowned integrated marketing, advertising, and communications agency that offers 360-degree solutions to its extensive client base. Its services cater to the government sector, private sector, and other public sector entities. The company primarily generates revenue through outdoor advertising, events-exhibitions, and media advertising.
In the 2022-23 fiscal year, Graphisads recorded a net profit of Rs 5.57 crore on a revenue of Rs 99.05 crore. The successful IPO will further contribute to the company’s growth, as it plans to invest in cutting-edge technologies, expand its market presence, and meet working capital requirements.
During the listing ceremony, notable individuals like Ashish Chauhan, MD & CEO of NSE, singer Anup Jalota, Femina Miss India Runner-up Manya Singh, Graphisads CMD Mukesh Gupta, and director Alok Gupta were present.
Graphisads’ listing on the NSE highlights its strong position in the industry and its potential for future growth. The company’s commitment to providing innovative advertising and communication solutions has earned its reputation as a trusted partner for numerous clients. With the IPO proceeds, Graphisads aims to strengthen its capabilities and maintain its competitive edge through technological advancements.
As Graphisads continues to expand its market presence, it remains dedicated to delivering high-quality advertising services across various sectors. The successful listing on the NSE is a testament to the company’s solid performance and its ability to adapt to the evolving advertising landscape.
Overall, Graphisads’ listing on the NSE reflects its ambition and potential for further success in the integrated advertising and communication industry. As the company continues to innovate and expand, it is poised to make a significant impact in the market, driving growth and value for its shareholders while providing top-notch solutions to its clients.
